The Following Data Represent the Total Price, in Dollars, of 20

question 15

Multiple Choice

The following data represent the total price, in dollars, of 20 randomly-selected gasoline purchases at a certain convenience store. $$\begin{array} { l l l l l l l l l l } \hline 53.00 & 64.69 & 46.33 & 72.14 & 56.86 & 67.91 & 47.89 & 66.10 & 61.80 & 44.33 \\61.49 & 45.76 & 80.00 & 79.06 & 41.75 & 59.91 & 49.06 & 52.85 & 46.98 & 10.42 \\\hline\end{array}$$ Which value in this data set is most accurately described as an extreme value?

• A) $80.00
• B) $10.42
• C) $53.00
• D) $69.58

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Definitions:

Financing Charges

Interest or other fees charged by a lender on the principal amount loaned, affecting the total cost of a loan.

Par Value

The face value of a bond or stock, as specified by the issuing company, which does not necessarily match the market value.

Dividends

Portions of a company's earnings distributed to shareholders, typically in cash or additional shares.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but instead reinvested in the business or used to pay off debt.